Last year vivek saved 10% of his annual earnings, this year he earned 5% more than last year and he saved 12% of his annual earnings. The amount saved this year was what percentage of the amount saved last year ?
Solution
Correct Answer: Option D
Suppose total earnings = Rs. 10000
10% saving = 10000 x (10/100) = Rs. 1000
This year 5% more income than prev year = Rs. 10500
12% saving = 10500 x (12/100) = Rs. 1260
Percentage of amount saved = (1260/1000) x 100 = 126%
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